Mumbai, the financial capital of India, stands at the forefront of discussions as the Union Budget 2026 approaches. Industry experts are voicing a collective call for reforms that prioritize affordability, GST clarity, and infrastructure development to stimulate growth across both residential and commercial real estate sectors. The anticipation surrounding the budget reflects a vital need for clear policies that can support the housing ecosystem in navigating current challenges.
According to Sheeshram Yadav, Managing Director of Yugen Infra, the focus should shift towards enhancing infrastructure and transport connectivity. He emphasizes that the sector is hopeful for tax breaks and improvements in the credit-linked subsidy framework, which would provide much-needed relief for buyers. Additionally, there is a strong demand for clearer regulations regarding affordable housing and a simplified GST structure to alleviate liquidity pressures in the market.
Ashish Bhutani, CEO of Bhutani Infra, echoes these sentiments, advocating for policy measures that facilitate ease of investment and accelerate infrastructure growth. He highlights the necessity of rationalized taxation and expanded connectivity via metro and expressway projects. Furthermore, he suggests that incentives for green and wellness-driven developments can significantly boost investor confidence and enhance the long-term value of commercial properties.
The spotlight is also on Tier II and Tier III cities, which are becoming increasingly competitive with metropolitan areas. Yashank Wason, Managing Director of Royal Green Realty, notes that these cities are emerging as attractive alternatives due to their affordable pricing and infrastructure-led projects. He argues that sustained tax incentives and continued policy support are paramount for maintaining investment confidence in these burgeoning markets.
As the budget deliberations unfold, Henam Khaneja, Additional Vice President and Head of Commercial Sales at Elante Group, stresses the importance of measures that bolster both residential and commercial demand. This comprehensive approach is essential for fostering a robust real estate sector that can contribute significantly to India's economic growth.
